MyHomeGroup has launched a new property management service aimed at landlords looking for an alternative to what it says are the ‘high fees’ charged by traditional lettings agents.
Unlike the fee structure of many other property management services, the new business, ManageMyHome.co.uk, will offer its landlord customers a VAT inclusive fixed fee of 6%.
ManageMyHome.co.uk offers an array of services to landlords, including listings on Rightmove, Zoopla, PrimeLocation, professional photography and floorplans, a dedicated account manager, inventory and check-in, legal protection including a full reference report of tenants, an Assured Shorthold Tenancy Agreement, Tenancy Deposit Scheme, Section 21 Compliant and Eviction Legal Assistance, rent collection and rent guarantee insurance, 24/7 problem reporting and repairs, and monthly report.
Will Clark, managing director of My Home Group, commented: “Traditional estate agents are pocketing thousands in astronomical fees from landlords who need a property management service and until recently have been left with no choice but to opt for the high street.
“We offer landlords another option with massive cost savings. Using a mix of tech and a hub of dedicated ARLA qualified account managers, we provide landlords with round the clock property management at a fixed, upfront fee of 6 percent - a fraction of the fees charged by traditional agents.
“What’s more, in order to address the sheer lack of transparency in property management fees amongst traditional and online agents, we are deliberately charging users one fixed upfront fee. There are no extras - hidden or otherwise - and we don’t pocket additional commission when we invoice our customers after any repair work to the property - another trick traditional agents use to make even more money from their landlords.
“At a time when landlords are being squeezed left, right and centre, they now have the choice to guarantee thousands of pounds worth of savings every year by switching agents.”